Georgetown, TX Entrepreneur Gets SBA Loan to Buy Craigo's Pizza Franchise

Need a loan to buy a Craigo's Pizza franchise? Omnibank, National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Georgetown, Texas needed money to invest in a Craigo's Pizza franchise back in 2007. Omnibank, National Association issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

CRAIG O'S PIZZA & PASTARIA - G
GEORGETOWN, TX 78628

SBA Loan Lender

OMNIBANK, NATIONAL ASSOCIATION
4328 OLD SPANISH TRL
HOUSTON, TX 77021

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/12/2007

Loan Approval Gross Amount

$317,900

Loan Approval from the SBA

Of the total $317,900 loan amount, the SBA guaranteed $238,425.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Craigo's Pizza franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Georgetown or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Accountant's Role in Securing Financing

SBA Approved Banks in Houston, Texas

SBA Texas Lenders